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Extreme Networks Announces Agreement to buy Enterasys

Today Extreme Networks announced agreements to purchase all outstanding stock of Enterasys for US $180 million in cash in a cash-free, debt-free transaction. The closing of the transaction is subject to customary anti-trust regulatory approvals and is expected to close in the fourth calendar quarter of 2013. Following the closing of the transaction, Enterasys will become a wholly owned subsidiary of Extreme Networks and the two companies will continue to fully support their existing customer base. Learn more here